13 Morley Street PORT MELBOURNE

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Good rental prospects
Seemingly low additional cash required after purchase
Lower risk as established precinct

Concerns

Touches other properties
Interrupted floor levels
No separate laundry
Mal James
Mal James
0408 107 988
[email protected]

Comments on 13 Morley Street PORT MELBOURNE

The northern rear aspect sets this townhouse apart from many here. Room sizes are reasonable, however, the home is probably more suited to singles or couples downsizing or young professionals than families.

Proximity to Bay Street shops is getting a little further away, however, for basics the shopping village in Beach Street is potentially a quicker alternative.

Access to the city is easy, via the light rail which is a short walk from the property.

Concerns for some buyers may include the similarity of the homes in the development, however, for others, the estate provides increased security in that there is limited potential for future developments such as large apartment buildings which can be seen in other areas of Port Melbourne.

17 Beacon Vista, on similar floorplan, sold in March this year for $1,400,500 and 62 Beacon Vista (identical floorplan, different orientation) sold in November 2013 for $1,350,000. 

Finding comparable sales may not be the key to buying this property as you may with other homes, as in estates, there are many of the same/similar product.  Understanding the market, number of bidders, stock levels and timing will also provide some insight into what may be required to be the buyer of 13 Morley Street.

 

 

 

 


Advice that Matters

James Buy Sell works across Melbourne’s top-end property market to help our clients make smart real estate decisions.

3
Bedroom
3
Bathroom
2
Parkings
213sqm
Land Area
Floor Plan Agent

Auction - Nov 30 -0001

Quote $1,200,000+

North Facing

Full James Rating Sheet

Advice that Matters

James Buy Sell works across Melbourne’s top-end property market to help our clients make smart real estate decisions.